We have explained how the point out’s cash management process operates in previously publications, like:
In this transient, we Assess the Governor’s novel proposal to allow colleges to help keep $8 billion of cash disbursements previously mentioned the least prerequisite without the need of recognizing the budgetary impression of All those payments. We to start with deliver some qualifications info on how the condition’s spending plan and cash positions vary and some basic details about college finance. We then explain this proposed funding maneuver.
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17 Which no gentleman could possibly obtain or sell, help you save he that had the mark, or perhaps the identify with the beast, or the volume of his identify.
This has the influence of: (1) minimizing the size on the funds problem on paper, and (two) obscuring the proposed solution during the files offered to your Legislature as Component of the Governor’s price range. (We defined this dynamic more inside our report:
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